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The holidays are a great time of year filled with some great pleasures. However you choose to celebrate the holidays, they are often filled with parties and social events. These events give friends and family an opportunity to visit and to reconnect. Although the...

Student debt is a major financial stress for many college students and even established adults who are still paying off their loans. Money management isn't a skill addressed in most universities, and even those who are in a math-oriented major may still find...

A credit card is a revolving credit line that allows you to charge purchases at any time up to the credit limit. If used responsibly, credit cards can be a handy way to pay for purchases but can lead to spiraling debt if a healthy approach to credit is not...

We all strive to live a debt free life, but between student loans, credit cards, home and car payments, medical bills, and more, it’s not easy. Debt is something that haunts millions of people in the United States. However, debt is also very misunderstood. There are a...

You don’t have to wait until you save the full amount so that you can acquire your dream home. You can simply apply for a home loan from a financial institution. In most cases, the lender will require you to finance 20% of the loan amount. However, if you have a high...

If you have not made payments on a loan for a period of several months, a creditor may decide that there is no hope of getting their money back. At that point, they will likely sell the debt to a collection agency. While the new owner of the debt has a right to...

If you are constantly dealing with debt collectors calling you at home or work, it may be a good idea to consider getting bankruptcy protection. However, there are other less obvious signs that bankruptcy may be best for you. Let's take a look at these signs and why...

There are millions of Americans struggling with financial issues on a daily basis. Some of these cases worsen to the point where families and individuals must consider selling their home to make ends meet. Once this decision has been made, another question that often...

A collection notice is an early opportunity to repair any damage to your credit as a result of this debt. It is a chance to negotiate with the debtor or to advise him if the notice is incorrect. For your own benefit, start now: Remain calm and courteous. Honey gets...

Are you buried under tax debt? Do you owe back taxes? Back taxes are known as taxes that you're required to pay after the year they were due. If you let another year go by without paying the IRS, that's when it's referred to as back taxes. Those back taxes are also...

There are many reasons people fall behind on their bills, but it all boils down to the emotions that drive us to spend. Also known as the psychology of debt, this is the premise that feelings drive us to use credit in ways that we would not normally spend cash. By...